Tesla China Sees 59,261 Sales in June 2024

Tesla China witnessed a noteworthy uptick in sales in June 2024, reaching 59,261 vehicles sold within the country. This marks a 7.33% increase from May, reflecting a positive trend for the electric vehicle (EV) maker.

However, the year-on-year comparison tells a different story, showing a 20.15% decline from the 74,212 units sold in June 2023.

According to data released by the China Passenger Car Association (CPCA) last week, Tesla’s total vehicle sales, including exports, amounted to 71,007 units in June. Based on new data released this week showing the breakdown of domestic sales and exports, 11,746 were exported, leaving 59,261 vehicles sold domestically.

This export figure represents a significant decrease of 39.67% from the same period last year and a 32.33% drop from May 2024.

Breaking down the June sales by model, the Model Y led with 43,951 units, accounting for 61.90% of Tesla’s total sales in China. The Model 3 contributed 27,056 units to the sales tally, making up 38.10% of the total.

Tesla’s Giga Shanghai, and its production cycles, continues to play a crucial role in these numbers. The plant, which produces both the Model 3 and Model Y, follows a production strategy of focusing on export orders in the first half of each quarter and fulfilling domestic demand in the latter half.

This strategy was evident in the June sales figures, which saw a rebound in local sales as the quarter drew to a close.

Tesla Sales in China in H1 2024

Looking at the quarterly performance, Tesla China sold 205,747 vehicles in the second quarter, which accounted for 46.34% of Tesla’s global deliveries. This is the first time since Q2 2022 that the contribution has fallen below 50%, according to data tracked by CNEvPost.

For the first half of 2024, Tesla China’s total sales, including exports, amounted to 426,623 vehicles, reflecting a 10.47% decline from the previous year. Within China, 278,317 vehicles were sold, marking a 5.37% year-on-year decrease.

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